Impact of Working Capital Management on Corporate Performance: An Empirical Analysis of Selected Public Sector Oil & Gas Companies in India
Published: 2013
Author(s) Name: Chitta Ranjan Sarkar, Aniruddha Sarkar |
Author(s) Affiliation: Department of Commerce, The University of Burdwan, Burdwan, West Bengal, India
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Abstract
This paper makes an attempt to examine the impact of working
capital management on corporate performance of selected public
sector oil & gas companies in India during the period of 10 years
(i.e. from 2000-01 to 2009-10). It also makes an endeavour to
measure the degrees of associations between the measure of
profitability i.e., ROCE and the selected ratios relating to working
capital management of the selected companies under study during
the study period. A comparative analysis can be done to adjudge
the better performing company and to identify the causes of better
performance. An attempt has also been undertaken for measuring
the sensitivity of return on capital employed (ROCE) to changes
in the level of working capital, working capital leverage (WCL)
has been computed and applied. Ultimately the article concludes
some valid recommendations these deserve the attention of the
management of the concerned companies under study, oil and gas
sector in India and especially Government.
Keywords: Liquidity, Profitability, PI, UI, EI&WCL
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